China’s Shandong Haihua to shut its 1m tonne/year soda ash unit

17 August 2012 08:40  [Source: ICIS news]

SINGAPORE (ICIS)--China’s Shandong Haihua Group plans to shut its 1m tonne/year soda ash unit at Weifang in Shandong province on 20 August for scheduled maintenance, a company source said on Friday.

The 10-day maintenance will result in an output loss in August of about 30,000 tonne of soda ash as compared with the output in July, the source added.

The company’s other 2m tonne/year soda ash unit in a nearby area will keep running at 70-80% of capacity during the shutdown period from 20 August to 30 August, according to the source.

The producer has increased its dense 99% soda ash offers at yuan (CNY) 1,520-1,550/tonne ($238-243/tonne) DEL (delivered) on 17 August, CNY 20/tonne higher than its offers last month, according to the source.

However, on a FOB (free on board) China basis, the producer has not changed the price yet and the prices stabilized at $215-220/tonne FOB China on 17 August, the source added.

($1 = CNY6.37)

By: Promise Xu
+65 6780 4359

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